Advanced Search

Gokhran Struggles to Find New Exec.

May 13, 2013 4:50 AM   By Deena Taylor
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Russia's precious metals and gems repository Gokhran is having difficulty finding a replacement for its current executive, Vladimir Rybkin.

Rybkin gave notice of his intention to resign in February 2013, however, his letter still remains unanswered, three sources familiar with the situation told Reuters.

"The government simply can't find a replacement for him - nobody wants to take on such a huge list of responsibilities," one of the sources said. A new head of Gokhran could be found in the early summer, another source added.

Gokhran was founded in 1920 and is controlled by Russia's finance ministry. Its total reserves remain a state secret. In 2009, Gokhran bought $1 billion worth of diamonds from ALROSA when rough diamond prices fell sharply as a result of the global economic crisis. 
Tags: Deena Taylor, Gokhran
Similar Articles
Rough diamonds De BeersDe Beers Hikes Rough Prices
Jan 17, 2022
De Beers made hefty price increases at its first sight of the year as diamond manufacturers restocked following
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.